# A real contrast of a week for the Panamax market. - Maritimes

> The Panamax market had a mixed week, with a firm start and fresh demand in both basins that faded by mid-week into a stand-off. South American fronthaul cargoes reached about $15,000 a day plus a $500,000 delivery bonus, and Australian mineral demand gave support.

- Date: 2023-06-12 · published 2023-06-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35709-a-real-contrast-of-a-week-for-the-panamax-market-maritimes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Mixed Panamax demand leaves grain freight rates roughly steady, with South American grain flows providing the main support. Buyers should expect no clear change in ocean freight costs.

## Read by commodity

- OCEANFRT: neutral

## Sources

- maritimes.gr: https://maritimes.gr/en/a-real-contrast-of-a-week-for-the-panamax-market/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.